Category Archives: Market Health
Should Flexible Office Leasing become Miami’s Ne...
Miami, Florida Commercial Real Estate Agent Kevin Albert Krueger /July 1, 2020 Since Spring 2020’s invasion of Covid 19 and Dade-County Government’s quarantine, navigating Miami’s real estate market has challenged many office managers’ long term decision making for operating their otherwise stable businesses. With this blog our office brokerage seeks to educate and advise Miami office tenants about smart commercial real estate solutions throughout Miami-Dade. …
Post Covid-19 quarantine Miami Industrial Commercial R...
Industrial real estate has been the most corona virus insulated sector across Miami’s commercial real estate market. Warehouse employees are typically not confined in small places so operations have not been as limited as much as containment as in traditional office workplaces. There has been a recent shift of industrial product development way from Miami Airport West, Miami’s largest submarket for North Miami Beach …
Jungle Island To Ask Miami To Approve Hotel Developmen...
The owners of Jungle Island want to build a family-friendly hotel at the Watson Island theme park On May 24, park owner ESJ Capital Partners will ask the Miami City Commission to put a referendum on the August ballot that would ask voters to approve the development of a hotel of up to 130 feet tall with up to 300 rooms. would include an …
Miami Boasts Less Retail Space Availability Than New Y...
The demand comes with one of the fastest-growing rental rates in the past five years, a CBRE report finds For years, Miami has been working to grow, attract investment and claim its spot among the big metropolitan players like New York and Los Angeles from tech to real estate. Ana Barcelo, CBRE’s first vice president and high-street retail expert in Miami says, “The rental rates have …
Industrial Market Thriving on High Demand, Limited New...
South Florida’s tight industrial real estate market is setting records as demand rises without much new in the pipeline More than 11.5 million SF of industrial space in South Florida was leased in 2017, pushing down vacancy rates and strengthening the industrial real estate market. With higher rents for stores, retailers hold some of their products in nearby warehouses to significantly reduce their store square …
Cover Story: Mixed-Use Zoning Key To Cypress CreekR...
Fort Lauderdale’s Cypress Creek area is one of South Florida’s largest business districts, yet its office market hasn’t bounced back as strongly as others in the region. A proposed zoning change could transform the office district into a vibrant neighborhood with a multitude of housing, dining and entertainment options. As South Florida’s eighth-largest office market, and the second-largest in Broward County, Cypress Creek is …
82-Story Tower Could Replace Marriott-branded Hotel In...
The Marriott-branded Courtyard Miami Downtown hotel could be replaced by an 82-story mixed-use tower. The property currently has a 13-story, 231-room hotel that was built in 1975, which would be demolished. AVR Realty wants to build a 1.53 million-SF tower that would rise 898 feet. It would feature 637 residential units, 266 hotel rooms, about 25,500 square feet of convention and meeting space within the …
Crocker And Rialto Acquire 1.8M-Square-Foot Office Cam...
Rialto is the commercial real estate management arm of Miami-based Lennar Corp. Crocker Partners, Rialto Capital and Siguler Guff formed a joint venture that acquired the Boca Raton Innovation Campus, a 1.8 million-SF office campus known as where IBM created the personal computer. The managing members of Boca T-Rex Borrower, the entity that owns the property, were recently changed to executives with Rialto when …
Meet The Woman Tasked With Leasing Up Brickell City Ce...
The 120 doors at Brickell City Centre are 90% leased already. Overholt is hoping to lure quality purveyors of linens, kitchen and bath items, and children’s goods. On a prior Italy trip, Overholt found the inspiration for what would become La Centrale, the center’s 40K SF food hall, which opened this year. Swire Properties Inc. had negotiated with the city to make Brickell City Centre part …
Feds Hike Threshold For Appraisals Tied To Commercial ...
Deals below $500k won’t require certified appraisal, instead of previous $250k limit An inter-agency group of regulators decided on Monday to raise the threshold for commercial real estate deals that need approval from a state-certified appraiser from $250,000 to $500,000. Raising the threshold “will materially reduce regulatory burden” Regulators originally proposed raising the limit to $400,000 to keep it in line with inflation. …